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Analyst Reports Surge in Bitcoin Accumulation by Retail and Institutions
Bitcoin is currently priced at $108,716. Despite this stability, there are indicators of potential price movement as both retail and institutional investors increase their accumulation.
Key developments include:
- 28 new bitcoin treasury companies were established in July and August, increasing corporate holdings by over 140,000 BTC.
- This accumulation nearly matches the annual production of new bitcoin, which is approximately 164,000 BTC.
- Institutional demand has exceeded new supply significantly, with over 690,000 BTC absorbed compared to a supply of just over 109,000 BTC as of August 29, creating a demand-supply ratio of about 6.3 times.
- Retail buying activity across all wallet sizes has reached its highest levels since April, indicating robust demand from individual investors.

Price analysis shows:
- BTC traded within a range of $2,150 between August 30 and 31, fluctuating between $107,490 and $109,640.
- Support was noted around $107,800, where trading volumes surpassed daily averages.
- Resistance formed near $109,600, with profit-taking evident at this level.
- In the last hour of the analysis, BTC moved from $109,250 to $108,700, closing close to $108,900.

